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Greencastle Resources Ltd V.VGN

Alternate Symbol(s):  GRSFF

Greencastle Resources Ltd. is a diversified company. It has interests in gold and base metals exploration and oil and gas exploration and royalties. It also has strategic investments in other companies. Its segments include investments in private and public companies, oil and gas interests, and mining interests. Its investment segment comprises its investment in marketable securities and investment in private and public companies. The oil and gas segment is comprised of its oil and gas interests. The mining segment is comprised of its mining interests in Canada and in the United States of America. It has a royalty interest in one oil and gas property in Alberta. It holds royalty interests in wells located in the Spirit River area, north-west Alberta, and the Primate area in Saskatchewan. It also holds interest in the Jewel Ridge property lease. It holds a 50% interest in a 95% interest held by Criterium Energy in a quarter section of land in Alberta, called the Ferrier Project.


TSXV:VGN - Post by User

Bullboard Posts
Post by behindblueeyeson Feb 17, 2009 8:00am
355 Views
Post# 15782513

Sedar Doc

Sedar Doc

4. The following table sets forth the estimated future net revenue attributed to proved plus

probable reserves, estimated using forecast prices and costs on a before tax basis and

calculated using a discount rate of 10 percent, included in the reserves data of the

Company evaluated by us as of December 31, 2007, and identifies the respective portions

thereof that we have audited, evaluated and reviewed and reported on to the Company’s

management and Board of Directors:

Net Present Value of Future Net Revenue

Before Income Taxes (10% Discount Rate)

Independent Qualified Reserves

Evaluator or Auditor

Description and Preparation Date of Evaluation Report

Sproule Evaluation of the Royalty

Interest of Greencastle

Resources Ltd. in the

Primate Area,

Saskatchewan,

As of December 31,

2007, prepared February

to April 2008

Canada

Total $3,226 (Mill)

Bullboard Posts